Dinasti International Journal of Economics, Finance & Accounting (DIJEFA)
Vol. 7 No. 2 (2026): Dinasti International Journal of Economics, Finance & Accounting (May-June 2026

Implementation and Role of the Productive Waqf Incubation Program (IWP) of the Ministry of Religious Affairs of the Republic of Indonesia in the Development of Nazhir Entrepreneurship

Yessy Septrimadona (STAI Sulthan Syarif Hasyim Siak Sri Indrapura Riau, Indonesia.)
Nur Azwani bt Mansor (Kolej Universiti Islam Antarbangsa Sultan Ismail Petra, Malaysia.)
Siti Aisyah Adelina (Universitas Islam Negeri Sultan Syarif Kasim Riau, Indonesia.)
Julina Julina (Universitas Islam Negeri Sultan Syarif Kasim Riau, Indonesia.)



Article Info

Publish Date
11 Jun 2026

Abstract

This study examines the implementation and role of the Productive Waqf Incubation Program (IWP) of the Ministry of Religious Affairs of the Republic of Indonesia in developing nazhir entrepreneurship. The study is motivated by the large potential of waqf in Indonesia that has not yet been fully managed productively, since many waqf assets are still used for direct worship purposes and have not been directed toward sustainable socio-economic activities. This research aims to analyze the implementation of IWP, its role in strengthening the entrepreneurial capacity of nazhir, and its impact on local economic development and community welfare. This study uses a qualitative method with a descriptive approach. Data were obtained through observation of productive waqf practices, interviews with the Directorate of Zakat and Waqf Empowerment and nazhir who received the program, and documentation studies of regulations, reports, and related literature. The findings show that IWP is implemented through asset mapping, administrative and field verification, business feasibility assessment, nazhir training and certification, capital assistance distribution, mentoring, monitoring, evaluation, and business development. The program transforms nazhir from administrative managers into social entrepreneurship actors who are able to develop waqf assets productively, professionally, and accountably. This study concludes that IWP can serve as a sustainable productive waqf development model in Indonesia and can be replicated according to each region's local potential in a more adaptive, measurable, collaborative, inclusive, and public-benefit-oriented manner.

Copyrights © 2026






Journal Info

Abbrev

DIJEFA

Publisher

Subject

Economics, Econometrics & Finance

Description

The author is invited to submit a paper for Dinasti International Journal of Economics, Finance & Accounting (DIJEFA). Topics related to this journal include but are not limited to: Accounting and financial reporting Audit Accounting management Taxation Corporate finance Personal finance Financial ...